BIM44395 - Specific deductions - employee share schemes: Providing shares under FA03/SCH23, a/c periods from 1 Jan 2003 - other restricted shares - before 1/9/2003

Before 1 September 2003 the special rules in Part 4 of FA03/SCH23 (as originally enacted) only applied to forfeitable shares and there were no special rules for other restricted shares.

Deductions given by FA03/SCH23 in respect of employees’ acquisitions of other restricted shares before 1 September 2003 are based on the market value of the restricted shares at the date of acquisition.

No deductions are given in respect of any post-acquisition events which occur before 1 September 2003, irrespective of when the shares were acquired.